Gym, Health & Fitness Clubs in China
The Gym, Health and Fitness Clubs industry has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers. As the pandemic continues for nearly three years from 2020 and uncertainty increases, residents are highly uncertain about risks and future expectations, and they become cautious about food, clothing, housing, transportation and consumption. In 2022, the pandemic prevention and control in first-tier cities, including Shanghai, put a lot of pressure on gyms. With the uncertainty of COVID-19 pandemic risk control soaring, gym members are likely to refrain from retaliatory spending and opt for more online exercise and standardizes products and services. Industry revenue is expected to fall by 2.3% in 2022 to $7.1 billion. However, revenue is expected to rise by an annualized 1.5% over the five years through 2022.
The Gym, Health and Fitness Clubs industry in China includes enterprises providing fitness and bodybuilding equipment, space and services. Public sports centers and school stadiums are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.